Directorate Change

RNS Number : 6149N

i(x) Net Zero PLC

24 January 2023

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of  UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

i(x) Net Zero PLC

("i(x) Net Zero" or the "Company")

Directorate Change

i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on Energy Transition and Sustainability in the Built Environment, announces the appointment of Pär Lindström, the Company's Chief Investment Officer, as its Chief Executive Officer, replacing Steve Oyer, who has stepped down from the Board, with immediate effect. Pär will continue in his role as Chief Investment Officer of the Company. 

Pär Lindström, who co-founded the Company in 2015, has over 25 years' investment experience, M&A experience and business development expertise through a career focused on venture capital, growth capital and private equity investments in the U.S., Europe and the emerging markets.

Nick Hurd, Non-Executive Chair of i(x) Net Zero, said:

"The Board remains confident in the Company's market opportunity given growing global momentum in the transition to net zero. Pär brings decades of investment and M&A experience to the CEO role, which will be invaluable as the Company looks to take advantage of opportunities in current markets. We welcome him to his new role.

We wish to thank Steve for his service over the last five years and his contribution in helping to steer the Company's IPO on AIM last year."

Pär Lindström, the Company's Chief Executive Officer, said : "It is an honour to take on the role of CEO and I look forward to working with the Board to maximise the impact of our current investments, expand the portfolio and support the drive towards a net zero future."

- Ends -

For further information visit  https://ixnetzero.com/ or contact:

i(x) Net Zero	Via Buchanan below
Pär Lindström - Chief Executive Officer
Dmitri Tsvetkov - Chief Financial Officer
H & P Advisory Limited Financial Adviser & Joint Broker	[phone]
Neil Passmore
Ernest Bell
Andy Crispin (Sales)
Shore Capital Nominated Adviser & Joint Broker	[phone]
Tom Griffiths
David Coaten Iain Sexton
Buchanan
Helen Tarbet	[phone]
Simon Compton	[phone]
Abby Gilchrist	[phone]

Notes to Editors

About i(x) Net Zero PLC

i(x) Net Zero PLC is an AIM quoted investing company that provides its shareholders the opportunity to create long- term capital growth with positive, scalable, measurable and sustainable impact on the environment and on the communities it serves.

In accordance with its belief that the world's biggest problems are also the biggest market opportunities, i(x) Net Zero focuses on two critical areas in which it aims to make a positive impact: (i) Energy Transition and (ii) Sustainability in the Built Environment. The Company uses a multi-strategy investment approach, providing the companies in which it invests with the expertise and catalytic capital to help them grow. To date, i(x) Net Zero has invested in biofuels, direct air capture (carbon removal), renewable energy, sustainable workforce housing and net zero construction technology.

i(x) Net Zero is a signatory to the UN Principles for Responsible Investing. The Company has received the London Stock Exchange's Green Economy Mark.

 

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